Autoliv Inc. (ALV): Today's Featured Automotive Laggard

Autoliv was a leading decliner within the automotive industry, falling $1.28 (-1.9%) to $67.17 on heavy volume.

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Autoliv ( ALV) pushed the Automotive industry lower today making it today's featured Automotive laggard. The industry as a whole closed the day up 0.7%. By the end of trading, Autoliv fell $1.28 (-1.9%) to $67.17 on heavy volume. Throughout the day, one million shares of Autoliv exchanged hands as compared to its average daily volume of 587,200 shares. The stock ranged in price between $66.86-$67.85 after having opened the day at $67.71 as compared to the previous trading day's close of $68.45. Other companies within the Automotive industry that declined today were: Orbital Corporation ( OBT), down 2.5%, Tenneco ( TEN), down 2.2%, Westport Innovations ( WPRT), down 1.6%, and Winnebago Industries ( WGO), down 1.6%.

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Autoliv, Inc., through its subsidiaries, engages in the development, manufacture, and supply of automotive safety systems to the automotive industry. Autoliv has a market cap of $6.55 billion and is part of the consumer goods sector. The company has a P/E ratio of 12.9, below the S&P 500 P/E ratio of 17.7. Shares are up 1.9% year to date as of the close of trading on Thursday. Currently there are two analysts that rate Autoliv a buy, one analyst rates it a sell, and six rate it a hold.

TheStreet Ratings rates Autoliv as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.